Barclays Issues Positive Forecast for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its price target boosted by stock analysts at Barclays from $147.00 to $155.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the energy exploration company’s stock. Barclays‘s price objective points to a potential upside of 3.67% from the company’s current price.

EOG has been the subject of a number of other reports. Susquehanna increased their price objective on shares of EOG Resources from $170.00 to $187.00 and gave the stock a “positive” rating in a research note on Tuesday, October 20th. Truist Financial raised their price target on EOG Resources from $153.00 to $160.00 and gave the company a “hold” rating in a research note on Friday, October 2nd. Jefferies Financial Group reiterated a “buy” rating and set a $185.00 price objective on shares of EOG Resources in a research note on Saturday, October 3rd. Stifel Nicolaus began coverage on EOG Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price objective for the company. Finally, UBS Group reissued a “buy” rating and issued a $186.00 target price (up from $183.00) on shares of EOG Resources in a research note on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $161.56.

EOG Resources Stock Up 3.2%

Shares of EOG stock traded up $4.62 during trading on Friday, reaching $149.51. The company’s stock had a trading volume of 1,206,489 shares, compared to its average volume of 3,958,687. The business has a fifty day moving average price of $149.25 and a 200-day moving average price of $137.62. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company has a market cap of $78.42 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.52 and a beta of 0.27. EOG Resources has a one year low of $101.59 and a one year high of $165.93.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 5th. The energy exploration company reported $4.87 EPS for the quarter, topping the consensus estimate of $4.45 by $0.42. The business had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $7.26 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue was up 46.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.71 earnings per share. Analysts anticipate that EOG Resources will post 17.70 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Jeffrey Leitzell sold 9,039 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the transaction, the chief operating officer directly owned 90,790 shares of the company’s stock, valued at approximately $12,765,981.90. The trade was a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 52,317 shares of company stock valued at $7,823,480. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On EOG Resources

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in EOG Resources during the second quarter worth approximately $5,905,587,000. Bank of New York Mellon Corp acquired a new position in shares of EOG Resources in the second quarter valued at approximately $654,899,000. Bank of America Corp DE bought a new stake in EOG Resources in the 2nd quarter valued at $551,321,000. Deutsche Bank AG bought a new stake in EOG Resources in the 2nd quarter valued at $251,102,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in EOG Resources by 357.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company’s stock valued at $271,641,000 after buying an additional 1,541,140 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

More EOG Resources News

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: EOG earned $4.87 per share, beating the $4.45 analyst estimate and rising from $2.71 a year earlier. Revenue of $8.55 billion also exceeded estimates of $7.26 billion and increased 46.2% year over year. The results point to stronger profitability and sales than expected. Reuters article: EOG beats third-quarter profit estimates
• Positive Sentiment: The company raised its quarterly dividend 7.8%, from $1.02 to $1.10 per share—an annualized $4.40 and a stated yield of about 3%. The increase may appeal to income-focused investors and signals confidence in cash generation. EOG Resources third-quarter results and dividend announcement
• Neutral Sentiment: Analyst commentary described sentiment as cautiously optimistic despite EOG’s relative outperformance over the past year, suggesting investors may remain attentive to expectations for future performance. Barchart analyst estimates and ratings

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.